Coinbase shares jump almost 7% as investors return to crypto after Fed cut [Fortune]
Coinbase Global, Inc. - Class A (COIN)
US:NASDAQ Investor Relations:
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Company Research
Source: Fortune
The company's shares peaked at $174 mid-day Thursday before paring gains and closing at $168. The share price of Coinbase has long served as a proxy of sorts for the broader cryptocurrency market as it typically rises alongside the price of Bitcoin. The stock has also fared better during times of increased appetite for risk among investors, including this week following the Fed cuts. The recent climb in the share price of Coinbase represents a significant comeback since last September when the stock dropped as low as $76 in the lead up to crypto fraudster Sam Bankman-Fried's criminal trial. Despite tumbling 13% in June and weathering its worst week of the year in August, Coinbase has made a recovery due, in part, to surging transaction revenue. In the first quarter of 2024, Coinbase reported $1.2 million in transaction revenue , almost equivalent to the entire year of 2023. Trading volume is up significantly on the platform from last year, signaling a resurgence of users. It rem
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COIN
News
- COIN Investors Have Opportunity to Lead Coinbase Global, Inc. Securities Fraud Lawsuit Filed by The Rosen Law FirmPR Newswire
- Coinbase Global, Inc. (COIN) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- How platforms like Coinbase are driving bitcoin adoption [Yahoo! Finance]Yahoo! Finance
- Coinbase shares jump almost 7% as investors return to crypto after Fed cut [Yahoo! Finance]Yahoo! Finance
- COIN Lawsuit Reminder - Robbins LLP Reminds Stockholders of the Coinbase Global, Inc. Class Action LawsuitBusiness Wire
COIN
Earnings
- 8/1/24 - Miss
COIN
Sec Filings
- 9/20/24 - Form 4
- 9/18/24 - Form 4
- 9/18/24 - Form 144
- COIN's page on the SEC website